The California venture capitalist hired by Ohio Gov. John Kasich for a dollar to help jump start Ohio's job-creation efforts is leaving his state management job and returning to the private sector.

Mark Kvamme will resign as president and interim chief investment officer of JobsOhio on Nov. 1. His departure was announced Tuesday by JobsOhio board chairman Jim Boland.

“Mark Kvamme has been an essential part of Ohio’s efforts to create a jobs-friendly climate and begin to get back on track. We were lucky to get him and lucky to have had him as long as we did -- longer than I could have ever hoped. I’ll miss him as an everyday part of the team but he remains a close friend and I’m glad that he plans to stay in Ohio and keep contributing to our state’s revival,” said Kasich in a news release.

Boland says the board has chosen John Minor, one of the organization's managing directors, as Kvamme's replacement.

Kasich struggled to find a place for Kvamme in his administration. The governor removed Kvamme from his first job as state development director after a lawsuit alleged his out-of-state residency made him ineligible for the job.

Kvamme was named Kasich's director of job creation, then was moved to JobsOhio.